Business

Gold prices were mostly unchanged on Wednesday, as worries over the global economic outlook from rising COVID19 cases offset an uptick in risk sentiment driven by signs of progress in U.S.China trade negotiations.

This comes at a time when both BSNL and India Post have been competing with each other to become India's top loss-making public sector unit.

China is actively considering the establishment of a BRICS innovation base in the country in order to strengthen practical cooperation with the BRICS bloc, Xiao said.

JPMorgan would need to pay $1 billion for full ownership of its Chinese mutual fund venture, a statement on the Shanghai United Asset and Equity Exchange showed on Tuesday, a price tag that analysts said was expensive.

On the other hand, the circulation of currency notes of denomination of Rs 500 and Rs 200 has gone up substantially, both in terms of volume and value over the three years beginning 2018.

The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the COVID19 pandemic, the statistics office said on Tuesday.

Gold held steady on Tuesday as a softer dollar offset pressure from an equity rally while investors stayed away from taking big positions ahead of U.S. Federal Reserve Chair Jerome Powell's speech later this week.

Qantas Airways Ltd said on Tuesday it planned to cut up to 2,500 jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a A$10 billion ($7.17 billion) hit to revenue due to the pandemic this financial year.

Germany's motor vehicle authority KBA is investigating Volkswagen's luxury sports vehicles unit Porsche AG over the suspected manipulation of petrol engines to achieve improved emissions data.

Gold prices changed course to rise on Monday as the dollar dipped, making bullion cheaper for holders of other currencies, but hopes for progress in the treatment of COVID19 limited further gains in the safehaven metal.

Gold prices fell on Monday as risk sentiment improved after the U.S. drug regulator authorised the use of blood plasma from recovered COVID19 patients as a treatment option, and the dollar held firm.

Bankruptcies in the U.S. oil patch are on the rise after the global pandemic decimated demand. But shale companies were struggling before COVID hit, loading up on debt before prices came crashing down.

The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of September, instead of next Tuesday, as it focuses on preparing the new school term.

The United States and the European Union announced a modest agreement Friday to cut tariffs on less than $300 million worth of annual trade between them.

Gangwar, who is also the chairman of the ESIC board, appealed to those covered under the scheme to avail the benefits.

A former Navy SEAL who has said he killed Osama bin Laden has been banned by Delta Air Lines after removing his face mask during a flight.